Overview
- On July 24, the U.S. Treasury removed sanctions on four military-linked entities and individuals tied to Myanmar’s ruling junta.
- The delisted firms include KT Services & Logistics (founder Jonathan Myo Kyaw Thaung), the MCM Group (owner Aung Hlaing Oo), Suntac Technologies (owner Sit Taing Aung) and associate Tin Latt Min.
- The move followed a July 11 letter from junta chief Min Aung Hlaing praising President Trump and requesting relief from a planned 40% export tariff.
- Treasury offered no rationale for the sanctions removals and the White House has not responded to inquiries about the decision.
- Myanmar’s rare earth mineral exports, largely processed in China, remain a focal point of U.S. efforts to diversify critical mineral supply chains.